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Inflows for NRO accounts in April 2025 were at $31 million, as against a higher $103 million provisionally recorded for April 2024-26, bulletin says

Why the questioning of RBI officials for 80:20 scheme is a witch-hunt

The decision to build a highway will push up prices of land adjoining the road. That does not mean the government is in cahoots with land owners. Similar is the case with the 80:20 scheme.

Challenge before Patel to ensure undisruptive forex withdrawal

Ensuring undisruptive redemption of USD 20-25 billion, inflation control and bank cleanup will be the main challenges that will face Urjit Patel, who takes over as the 24th Governor of Reserve Bank early next month.

Reaction to RBI move kneejerk, liquidity key driver: IIFL

Post the RBI policy announcement, both the Sensex and the Nifty plummeted, but Nirmal Jain of IIFL feels the reaction is more kneejerk than anything to do with the repo rate hike by 25 bps. Going forward, he feels the market will have a positive bias with more foreign money coming into Indian equities on global cues.

Stay out of G-Secs ahead of RBI policy: Mohan Shenoi

If RBI cuts rates today, then the 10-year rate will go down, but it won't go below 7.90 percent in the lower end, says Mohan Shenoi of Kotak Mahindra Bank.

SBI revises interest rate on FCNR(B) deposits

India;s largest lender the State Bank of India (SBI) on Monday revised its interest rates on FCNR(B) (Foreign Currency Non-resident - Bank Account) deposits for non-resident Indians (NRIs) available in different foreign currencies. While the lender mostly hiked rates in US dollar schemes, it slashed the same with Euro deposits.